I'm trying to understand the DAI collat ratio. I want to know what it is and how it works within the DAI system. Can someone explain this to me in simple terms?
7 answers
Stefano
Wed Oct 16 2024
This system ensures that borrowers maintain a sufficient level of collateral to cover their loans, mitigating potential risks for lenders.
GeishaMelody
Wed Oct 16 2024
Oasis Borrow offers a unique platform for users to leverage their digital assets for borrowing opportunities.
mia_rose_lawyer
Wed Oct 16 2024
Oasis Borrow's dynamic collateral ratio offers users a tailored experience, accommodating different risk appetites and strategies.
Federico
Wed Oct 16 2024
Users have the flexibility to lock in various types of collateral, including popular cryptocurrencies like ETH, WBTC, LINK, UNI, YFI, MANA, and MATIC, among others.
emma_rose_activist
Wed Oct 16 2024
The process allows individuals to access funds in the form of Dai, a stablecoin, against their collateralized assets.